The European Parliament
today backed a report calling for mandatory country-by-country reporting by
multinationals of profits and taxes. The majority of MEPs also called for a fairer
system of corporate taxes across the EU along with  a common consolidated corporate tax base and more
transparency in any national tax rulings for companies.  However, the Fine Gael MEP Brian Hayes voted
against the report saying the European Parliament shouldn’t meddle in sovereign
tax issues. 

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